Contrary to news making the round that the Dangote Petroleum Refinery was set to be commissioned by President Muhammadu Buhari on January 24, the latest is that the information is untrue.
CASEFILE can report that this is official, as information from the company says the claim that Aliko Dangote’s $19 billion refinery is to be commissioned on January 24, 2023 is not to be, at least not for now.
The facility, which is situated in Lagos’ Lekki Free Zone, is owned by Aliko Dangote, Africa’s richest man and is estimated to have cost 19 billion, with a daily processing capacity of 540,000 barrels of Nigerian crude oil.
The refinery is anticipated to supply all of Nigeria’s needs for refined products, with a surplus left over for export, opening up a market for $11 billion in petroleum products from Nigeria per year.
What is more, the facility will produce 3 billion standard cubic feet of gas, 65 million litres of premium motor spirits (petrol), 15 million litres of diesel, and 4 million metric tonnes of jet fuel each day.
The Dangote Refinery will be responsible for more than half of Africa’s future refining increases, according to the Organization of Petroleum Exporting Countries.
